Market Overview

OFG Bancorp Declares Series D Preferred Stock Regular Quarterly Cash Dividend

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OFG Bancorp (NYSE:OFG) today announced that its Board of Directors
declared a regular cash dividend of $0.4453125 per share on its 7.125%
Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 67103X409),
for the quarter ending December 31, 2018. The dividend is payable
January 15, 2019, to holders of record December 31, 2018. The
ex-dividend date is December 28, 2018.

About OFG Bancorp

Now in its 54th year in business, OFG Bancorp is a
diversified financial holding company that operates under U.S. and
Puerto Rico banking laws and regulations. Its three principal
subsidiaries, Oriental Bank, Oriental Financial Services and Oriental
Insurance, provide a wide range of retail and commercial banking,
lending and wealth management products, services and technology,
primarily in Puerto Rico. Investor information can be found at www.ofgbancorp.com.

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